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. i'm angela miles. in today's first look: the shocking slide in the stockmarket. in the last hour of trading, a panic sell-off sent the dow spiraling 217 points, ending the sesson below 14,000. the nasdaq dropped 46 and the s&p 500 broke below the critical 1500 mark. money rushed into gold as a safe haven and oil drifted slighly lower. the reasons for the dramatic market moves are coming up in just a moment. there will be capitol questions for fed chair ben bernanke today. the federal reserve chairman takes a seat before the senate banking committee for two days to field questions about the economy. and storm watch 2013: a nasty blizzard with powerful wind pounded the great plains. wild tornadoes could next spawn across southern states. fed ex is among the companies reporting delays in stormy states. larry levin of trading advantage is here to help us navigate the trading day. it could be a critical day here. good to have you on the show larry. what caused that big move yesterday in the market in the late trading session? > > to me it was about the sequester, everybody knew the po
's investment ideas. good morning. it's february 27th. i'm angela miles. in today's first look: the market roars back. despite wavering reports about italy's election, a strong sign the fed will continue quantative easing pushed the dow to a triple-digit gain. the nasdaq and s&p 500 also moved higher. gold continues to gather upside momentum, while oil is still falling. priceline and first solar could be major movers today. in earnings after the close, priceline shares shot up 27 dollars on positive profits while first solar fell 5% on its forecast. and the blackberry z10 smartphone is turning into a good call. blackberry is signaling new customers are signing on to buy the new phone. larry shover of sfg alternatives is with us on this morning to take a look at the markets. good to have you on the show, and what matters most to the market here, larry - what is happening with italy or comments from fed chair ben bernanke? > > right now i think it is more about bernanke. we saw that yesterday with that bounce- back rally. it seems like the market seems to be looking around italy knowing it's going
'm angela miles. in today's first look: it's the final countdown. just hours are left for lawmakers to put the breaks on massive budget cuts set to take effect at midnight. wall street is shaking it off. stocks soared yesterday, with the dow once again topping 14,000. the s&p is reclaiming 1,500. gold lost $18, and oil inched up. it could be a rough day for jc penny and groupon following earnings. after the close, jcp shares fell 10%. the retailer racked up more losses. and groupon fell 29% in heavy trading because of poor earnings. and the senate voted to confirm jack lew as the new treasury secretary. the final vote was 71-26. we are ready for liftoff on this thursday with mark sebastian to take a look at trading. he is with option pit mentoring. good morning to you. should investors worry today about the sequester? > > i don't think so. i really don't think so. if you watch the political channels, they are talking about it. if you walk around the floor, nobody is really talking about it in terms of financial markets. and nobody seems to really care. and if the financial markets were re
Search Results 0 to 2 of about 3